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Morgan Stanley lowers Ball Corp price target while maintaining overweight rating
Morgan Stanley has reduced its price target for Ball Corporation from $70 to $60 while maintaining an overweight rating. The company focuses on manufacturing metal and plastic packages, primarily for the food processing industry, with 80.7% of net sales from metal packages and 14% from aerospace systems. Geographically, 55.9% of sales come from the United States, followed by Brazil at 10% and other regions at 34.1%.
UBS has lowered its price target on Ball Corporation from $60 to $55 while maintaining a neutral rating. Ball specializes in manufacturing metal and plastic packages, primarily for the food processing industry, with 80.7% of net sales from metal packages and 14% from aerospace systems. Geographically, 55.9% of sales come from the United States, followed by Brazil at 10% and other regions at 34.1%.
Hedge funds and institutional investors hold 86.51% of Ball Corporation's stock, which supplies aluminum packaging for beverages and personal care products. Recently, UBS upgraded Ball to a "neutral" rating with a price target of $58, while analysts maintain a consensus "Moderate Buy" rating with a target of $69. The company reported $0.91 EPS for the last quarter, exceeding estimates, despite a slight revenue decline.
healthcare polymer packaging market poised for growth driven by sustainability and innovation
The healthcare polymer packaging market is projected to grow at a 5.6% CAGR from 2024 to 2031, driven by advancements in technology and increasing demand for safe, sustainable packaging solutions. Innovations such as tamper-evident seals and child-resistant closures enhance product safety, while a focus on eco-friendly materials addresses environmental concerns. Key players are investing in research and development to improve packaging efficiency and meet stringent regulatory standards.
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